Song, Y; Liu, C and Langston, C (2006) Extending construction linkage measures by the consideration of the impact of capital. Construction Management and Economics, 24(11), pp. 1207-1216. ISSN 1466433X
Abstract
Construction linkage is a well-established research field. However, a significant limitation in previous linkage research is that the flow of capital goods is not addressed. Using the OECD input-output tables, this research first generates a new input-output model considering capital as an intermediate factor. Using the new model, the construction linkages are recalculated and investigated in order to evaluate further the role of construction in national economies. The findings verify that traditional construction linkages were extremely underestimated in previous research. Furthermore, the effect of capital on construction shows a declining trend over the examined period. After considering the effect of capital, most values and rankings of backward and forward linkages show a decreasing trend, which confirms the declining role of the construction sector with economic maturity.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | capital; construction sector; input-output analysis; linkages |
| Index terms: | national economy, linkage, forward linkage, input-output analysis, traditional construction, construction sector, input-output table |
| Subjects: | economic analysis, economic theory, industry analysis, business, data analysis and analytics, heritage and conservation |
| Topics: | Design Practice, Business Strategy, Research Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here